-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Tuesday, September 04, 2007
PALM BAY, Fla., Sept 04, 2007 /PRNewswire-FirstCall via COMTEX/—JMCP
Acquisitions Corp. (Pink Sheets: JMCP) CEO, Frank Love announces, “Rosneft’s
Samara Region Oil Field is one of our three Oil Projects. Here is some
information concerning this project:”
Former YUKOS Property Purchased by Rosneft at auction in 2007
1. Quantity: Three (3) licensed sites
2. Size: 725 sq.km
3. Type of proven reserves: 2.0 million ton of gas-condensate crude oil -
C1 - 1.5 million ton crude oil - C2 - 5.0 million tons
4. Qnt. of operating wells: 11 wells
5. Qnt. of obtained crude oil: 15,000 tons a month
6. Qnt. of prepared wells: 16 additional wells are ready for drilling
(passports are in place)
7. Qnt. of capped wells: 3 wells are capped and ready for future
exploration
8. Communications:
a) Highways there numerous highways crossing the fields
b) Railway “Zekeznodoroznaja” railway station is located in the middle
of the field
c) pipeline the major oil pipeline is located 60 kms from the fields
9. Future exploration: 180,000,000 rubbles will be required to increase
the production to 100,000 tons a month.”
Frank Love further states, “This week as a part of our urgent meetings, I spoke
via teleconference with the Russian General in charge of this location, and the
talk went well as I had hired a Russian/American to help interpret our dialogue.
I will retain our Russian interpreter indefinitely.”
Frank Love, also states, “One final note, I noticed that the short interest on
JMCP has increased 1,694% since last month. Like a thief in the night, I will
show absolutely zero mercy to naked short positions.”
This press release does not constitute an offer of any securities for sale. This
press release contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ, including, without
limitation, the company’s limited operating history and history of losses, the
inability to successfully obtain further funding, the inability to raise capital
on terms acceptable to the company, the inability to compete effectively in the
marketplace, the inability to complete the proposed acquisition and such other
risks that could cause the actual results to differ materially from those
contained in the company’s projections or forward-looking statements. All
forward-looking statements in this press release are based on information
available to the company as of the date hereof, and the company undertakes no
obligation to update forward-looking statements to reflect events or
circumstances occurring after the date of this press release.
CONTACT: Frank Love,
Phone: (254) 458-0473
E-mail: frank.love@jmcpacquisitions.com
Web site: http://www.jmcpacquisitions.com-a.googlepages.com/home
SOURCE JMCP Acquisitions Corp.
http://www.jmcpacquisitions.com
Copyright (C) 2007 PR Newswire. All rights reserved
Monday, September 03, 2007
JMCP Corp. (Pink Sheet: JMCP) James Monroe Capital Corp. Announces Results of 5 Day Meeting and the Connection to Rosneft the Russian Federation Owned Gas & Oil Conglomerate
Monday September 3, 4:34 pm ET
PALM BAY, Fla., Sept. 3 /PRNewswire-FirstCall/—JMCP Acquisitions Corp. (Pink Sheets: JMCP - News) CEO, Frank Love announces, “The 5 day emergency meeting was a total success. I will be press releasing the topics covered and the results over the next several business days.”
ADVERTISEMENT
Frank Love further states, “On the JMCP Acquisitions web page (http://www.jmcpacquisitions.com-a.googlepages.com/home) under the file name: PlanofActionSummarry.doc You can read all about the JMCP Acquisitions Joint Venture with Strat Petroleum in Rosneft territory. In all of our contracts with Strat/Rosneft I demanded a “First Rights of Refusal”, for all projects. In other words, we have the right to decline on any future Oil projects before they can pass the offer onto the next company looking to venture into the vast Russian Oil operation. Is it predatory? You bet!”
Frank Love states, “Rosneft has positioned itself above Russia’s 2 largest Oil companies Lukoil and Gazprov. Rosneft expects to produce 145 million tons of oil by 2011 with their newly purchased YOKOS assets at auction in early 2007, one of which was the “Samara Region oil fields”. Russian President, Putin, is utilizing these vast oil fields as a tool to attract foreign investment dollars into Russia.
Frank Love continues, “There’s an old saying in the real state business, location-location-location. In the oil business we have our own saying, its “Strategic Location” and James Monroe Capital Corp. cannot get anymore strategically located then it currently is with the Strat/Rosneft Joint Venture in Russia.”
Frank Love, also states, “One final note, I noticed that the short interest on JMCP has increased 1,694% since last month. Like a thief in the night, I will show absolutely zero mercy to naked short positions.”
August 15, 2007 10:43 AM Eastern Daylight Time
Seaway Valley Capital Corporation Releases Shareholder Letter
NEW YORK--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: GSCR) chairman and chief executive officer, Thomas Scozzafava, issued the following letter to its shareholders today:
Dear Shareholders:
I would like to reiterate the basic terms of the transaction Seaway Capital, Inc. structured with GreenShift Corporation when it acquired GreenShift’s majority stake in Seaway Valley Capital Corporation. With the exception of certain convertible debentures, all of the operating assets and liabilities of the Company reported as of June 30, 2007 were acquired by and transferred to GS CleanTech Corporation, an affiliate of GreenShift. The convertible debentures that remained at the company totaled approximately $1.52 million, including those of Highgate in the amount of $1.23 million. Seaway’s records indicate that at least two thirds of the Highgate debentures have been satisfied to date. To mitigate the total impact of the additional common shares issued as a result of these convertible debenture conversions, Seaway Capital, Inc. reduced the number of common shares outstanding by over 322 million shares.
On the business end and as previously reported, the Company has executed a number of share purchase agreements with shareholders of WiseBuys that represent an aggregate of 60% of the ownership and voting interest of WiseBuys Stores, Inc. In addition, we have finalized the terms to acquire an additional 15%, bringing the total ownership to 75% when executed. Seaway shall make additional offers to acquire up to 100% of WiseBuys’ shares over the following weeks, although we cannot predict the response of these shareholders. Seaway’s goal is to acquire approximately 80-85% of WiseBuys.
These agreements shall become effective upon completion of audited financials of WiseBuys Stores, Inc. As WiseBuys’ CFO, I can report that we have engaged Dannible & McKee, LLP, and these audits commenced in July 2007. I have been given a rough timetable of late August for the completion of WiseBuys’ audits.
WiseBuys Stores, Inc. also recently announced the execution of agreements to acquire 100% of the stock of Hacketts, one of the nation’s oldest retailers. The acquisition agreement is subject to securing acquisition financing, which WiseBuys has received Term Sheets for and for which we hope to execute definitive agreements. Hacketts owns and operates five retail stores that are somewhat similar to WiseBuys. As stated previously, if the transaction is consummated, WiseBuys stores will be converted to “Hacketts” stores and run similarly to Hacketts.
I am pleased to be able to update you on these significant events that have transpired since Seaway Capital, Inc. acquired the Company on July 1st. I shall continue to update you with further developments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation was formed in 2002 (as “Seaway Capital Partners, LLC”) and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Valley Capital Corporation also seeks investments in leveraged buyouts and restructurings. Seaway Valley Capital Corporation will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and the Company will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts
Seaway Capital Corporation
Email: contact@seawaycapital.com
Web: http://www.seawaycapital.com
or
Investor Relations
CEOcast, Inc.
Andrew Hellman, 212-732-4300
SWVC Forum
